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Founded in August 2007, Kaushalya Logistics Limited provides clearing and forwarding services to a leading cement company in India. The company also distributes electronics and home appliances through an online e-commerce platform. In FY 2022-23, the company entered into the commercial real estate leasing business. The company offers the following services:
Logistics & Transportation – The company provides customised services to cement companies including multimodal transportation, pick-up, packing, delivery, distribution and full documentation.
Land transportation – This service includes the transportation of the customer’s goods by land. The company receives the goods shipped by rail from the cement companies and organises the local transport to the warehouses.
Warehousing and distribution – The warehouses used by Kaushalya Logistics are owned or rented by the customers. The company offers complete warehousing solutions, from creating invoices and delivery bills via the customer’s ERP system to organising transportation for delivery to distributors through third-party providers. The company takes full responsibility for door-to-door delivery, i.e. it collects the consignment from the shipper and delivers it to the consignee.
The company offers its services in Tamil Nadu, Kerala, Karnataka, Bihar and Rajasthan and has its head office in New Delhi and a regional office in Chennai.
Kaushalya Logistics IPO Details
| IPO Date | December 29, 2023 to January 3, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹71 to ₹75 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 5,050,000 shares (aggregating up to ₹37.88 Cr) |
| Fresh Issue | 3,550,000 shares (aggregating up to ₹26.63 Cr) |
| Offer for Sale | 1,500,000 shares of ₹10 (aggregating up to ₹11.25 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 15,100,000 |
| Share holding post issue | 18,700,000 |
| Market Maker portion | 254,000 shares |
Kaushalya Logistics IPO Timeline (Tentative Schedule)
Kaushalya Logistics IPO opens on December 29, 2023, and closes on January 3, 2024.
| IPO Open Date | Friday, December 29, 2023 |
| IPO Close Date | Wednesday, January 3, 2024 |
| Basis of Allotment | Thursday, January 4, 2024 |
| Initiation of Refunds | Friday, January 5, 2024 |
| Credit of Shares to Demat | Friday, January 5, 2024 |
| Listing Date | Monday, January 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2024 |
Kaushalya Logistics IPO Lot Size
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹120,000 |
| Retail (Max) | 1 | 1600 | ₹120,000 |
| HNI (Min) | 2 | 3,200 | ₹240,000 |
Kaushalya Logistics IPO Promoter Holding
Uddhav Poddar is the Promoter of the company.
| Share Holding Pre Issue | 99.99% |
| Share Holding Post Issue | 72.98% |
Kaushalya Logistics Limited Financial Information (Restated Consolidated)
Kaushalya Logistics Limited’s revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 14,069.86 | 6,493.87 | 3,276.49 |
| Revenue | 63,216.41 | 6,358.92 | 3,328.40 |
| Profit After Tax | 705.87 | 376.61 | 299.69 |
| Net Worth | 1,933.64 | 1,226.62 | 849.60 |
| Reserves and Surplus | 1,918.64 | 1,211.62 | 834.60 |
| Total Borrowing | 3,213.34 | 2,476.88 | 1,070.36 |
| Amount in ₹ Lakhs | |||
Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 4713.49% |
| ROCE | 70.48% |
| EPS (Rs) | 470.58 |
| RoNW | 36.50% |
Objects of the Issue (Kaushalya Logistics IPO Objectives)
The company proposes to utilise the Net Proceeds for the following:
- Repayment of Unsecured Loan
- Funding of working capital requirements of the company;
- General Corporate Purposes.
